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In 2025, the GDP of the Región de Murcia may have grown by 3.1%, with growth moderating to around 2.5% in 2026 and 1.8% in 2027. Looking ahead, economic activity will be shaped by high uncertainty regarding economic and trade policy, as well as the slow recovery in Europe.

Activity resumed growth in Q4 2025 (0.8% q/q), supported by domestic demand, despite a negative contribution from net external demand. GDP growth was underpinned by an increase in hours worked, as hourly productivity declined. Overall, GDP grew 2.8% in 2025.

GDP grew by 1.5% in November, below the market consensus (2.8%) and October’s outcome (4.0%). Primary GDP contracted by 5.5%, while non-primary GDP expanded by 3.3%.

In the third quarter of 2025, the economy grew by 0.6% compared to the previous quarter. This growth was due to domestic demand, which managed to offset the decline in external demand. During this period, there was a significant increase in employment and a decrease in productivity.

The INE's updated regional GDP estimates for 2024 do not introduce significant changes to the growth hierarchy, which, as noted in September, was led by Murcia and the island regions.

The outlook for the global economy in the second half of the year is proving more positive than expected around April, when the protectionist shock from the US economy materialized.

The economy continues to perform well. Domestic demand accelerated in the third quarter, driven by private spending. This positive momentum and pension funds withdrawals point to output growth reaching 3,3 % in 2025. A slight moderation is expected in 2026 amid electoral uncertainty, GDP growth easing to 3,1 %.